DC

One if five pension savers who withdrew a cash lump sum from their pension did so as soon as they turned 55.  The figures from Legal & General, show that a significant...

Torsten Bell has been appointed pensions minister, becoming the fourth in just over two years. Bell has been MP for Swansea West since the 2024 boundary change and was previously the chief...

Nearly one in four or 23 per cent independent financial advisers are planning to introduce AI tools into their services over the next year, according to Opinium. AI is slowly picking up...

Providers and consultants have urged the government to focus on value for money metrics, rather than asset size when driving consolidation in the DC market.  These responses suggest that the industry is...

Institutional investors reduced risk in government bonds while maintaining their largest stock investments in 16.5 years, with the State Street Risk Appetite Index dropping to -0.09. Investors reduced risk in sovereign bonds...

Moneyhub has introduced a new API ‘recipe’ that uses Open Banking to assist users in visualising and reaching their savings objectives, enabling providers to improve their clients' financial security. APIs (Application Programming...

Aviva Investors has appointed Heather Brown as head of EMEA institutional client relationship management. Brown, who previously oversaw Aviva Investors' UK Institutional sales team, will now report to Steven Gardner, head of...

The Prudential Regulation Authority (PRA) has set its 2025 priorities for the UK insurance industry in 2025, emphasising financial security for policyholders, safe operations, and adaptation to reforms and emerging risks. One...

Utmost Life and Pensions has entered the bulk purchase annuity (BPA) market, forming a team of over 20 people and completing transactions with two pension schemes in late 2024. The company says...

Standard Life has completed a £1.5bn bulk purchase annuity transaction with Compass Group Pension Plan, securing the benefits of over 14,000 pensioner members and over 11,000 deferred members. Mercer acted as lead...